Worldwide Facilities | June 11, 2020
Worldwide Facilities has acquired Strategic Underwriting Solutions (SUS).
SUS is a managing general underwriter focused on full service medical stop-loss insurance.
SUS also offers program risk management and product development services to its consulting clients.
Worldwide Facilities has acquired Strategic Underwriting Solutions (SUS), marking its first step into the life & health insurance market.
SUS is a managing general underwriter focused on full service medical stop-loss insurance. Founded in 2006, the firm is entrusted with full underwriting authority for medical stop-loss insurance for high quality insurance and reinsurance markets. SUS also offers program risk management and product development services to its consulting clients.
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The firm is led by SUS president and CEO Vicki Schmelzer.
We are pleased to have Vicki and the entire SUS team join Worldwide Facilities as we diversify into the wholesale benefits business, SUS’s successful track record of developing customized benefit programs on behalf of carriers and reinsurers allows us to expand our product offerings and value proposition to our retail customers.
- Worldwide Facilities CEO Davis Moore.
We are very excited to join the Worldwide Facilities team, allowing us to carry forth our mission with integrity, while providing superior risk management solutions to our carriers and special market clients, We are proud to continue contributing to the industry, while gaining synergy through a very accomplished team of insurance professionals at Worldwide Facilities.
- SUS president and CEO Vicki Schmelzer.
Earlier this week, Worldwide Facilities announced its acquisition of Royal Oak Underwriters in Richmond, VA. Royal Oak is an excess and surplus lines insurance wholesaler, specializing in property, general liability, professional liability, commercial auto, ocean & inland marine, and personal lines.
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Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter. We offer property, casualty, professional and personal lines products as well as specialty programs to insurance agents and brokers nationwide. With any given opportunity we dedicate our best resources, knowledgeable staff and high standards to exceed expectations.
AboutStrategic Underwriting Solutions (SUS)
Strategic Underwriting Solutions, LLC (SUS) was formed to offer high quality health insurance underwriting provided as an outsource service to insurance companies, Third Party Administrators (TPA), Managed Care Organizations (MCO) and other risk taking entities, such as Multiple Employer Welfare Associations (MEWA). SUS was established to respond to a market need for TPA's, insurers, and MCO's considering entry into new products where they have all the pieces in place, e.g. efficient processing, distribution, clinical expertise, all of the needed positive factors except for highly qualified and capable medical underwriting and risk taking management.
Cision PR Newswire | September 28, 2020
Noyo, the leading API platform for improving the speed and accuracy of health insurance data exchange, today announced that it has closed $12.5M in Series A funding from Costanoa Ventures and Spark Capital, with continued support from early investors including Homebrew, Fika Ventures, Precursor Ventures, Core Innovation Capital, Garuda Ventures and Webb Investment Network. The new funding will extend Noyo's breakthrough technology to support the entire insurance lifecycle from start to finish, with APIs for everything from price quotes through member enrollment. Noyo also announced new partnerships with leading insurance carriers Humana and Ameritas, aimed at improving the overall consumer experience by enabling seamless and secure data connections to enroll members faster and eliminate coverage-impacting errors.
Hiro | September 09, 2021
Hiro, the prevention-first smart insurtech, is announcing a partnership with StepLadder, the collaborative finance company. The relationship offers StepLadder members access to Hiro's innovative insurance, and paves the way for further collaboration between the two companies.
This is another exciting partnership for Hiro, which also has relationships with a number of smart home vendors including Ring, Philips Hue, Netatmo and Abode. The insurtech empowers its members to adopt a prevention-first approach, offering discounts on smart tech which enables them to proactively protect their homes, and giving members a fairer price on insurance for doing so. StepLadder invites members into collaborative Circles to fund particular home-related finance projects, whether that be raising money for a deposit on a house, or funding some home improvement or renovation. Each Circle Member puts a set amount of money into a pot each month, which is then awarded as a lump sum to one Member of the Circle per month, meaning 90% of members reach their savings target faster.
"As we do with insurance, StepLadder is taking on a traditional industry – lending – and burning the rulebook in a truly innovative way. We're always looking to develop relationships with like-minded companies, so it really stood out to us," says Hamza Abbas, Head of Partnerships at Hiro. "We understand that money can't replace invaluable items, or buy back the hard work people put into buying a home. This is why we're delighted to offer StepLadder members insurance that not only pays out should something bad happen, but that helps them to proactively protect their homes and prized possessions." There is also scope for the partnership between the companies to grow, with Hiro members potentially set to benefit from StepLadder's collaborative finance in the future.
"We're excited to work with Hiro as it shares our ethos of truly helping people to improve their lives. Of course, there is a natural link between our businesses, and it is great that our Members can now benefit from Hiro's forward-thinking insurance," says Matthew Addison, CEO at StepLadder. "Hopefully, this is just the start. We have some ideas in the pipeline that will enable as many people as possible to reap the rewards of our shared innovation."
Hiro is swapping reactive for proactive. It helps you to defend the things you hold dear – the things that money can't replace – and empowers you with smart tech that prevents bad things from happening. It'll even reward you with lower prices, just for being a safer homeowner – and give you access to amazing discounts on tech to help you get the most out of your insurance, whether you claim or not. And if you decide Hiro isn't for you, it won't be held against you. You can cancel your monthly subscription whenever you like, straight from the Hiro app. No cancellation fees, no nonsense. This is simple, transparent home insurance that helps to protect not just your valuables, but your invaluables.
StepLadder is a fast growing and award-winning company pioneering collaborative finance and revolutionising the home buying process. Through their collaborative lending Circles StepLadder are supporting people to buy their first home faster, reach their financial goals, and championing financial wellbeing.